989 Princes Highway, Nicholson, VIC 3882 | Property Value & History | OnTheHouse
OFF MARKET

989 Princes Highway
Nicholson VIC 3882

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Floor area: 263m2
Land area: 28640m2
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Property Details for 989 Princes Hwy, Nicholson

Building Type
Commercial
Year Built
1980
Floor Size
263m2
Land Size
28640m2
Local Government
East Gippsland

Last Listing description (September 2021)

Are you looking for a lifestyle change with the potential to earn an income?
This fantastic property set on 7 acres in popular Nicholson offers two dwellings and a multipurpose building currently operating as a successful nursery.

It is all about the lifestyle, rent or work opportunities that you want to create!

The primary solid brick home features open plan living, kitchen with butler's pantry, games/billiards room, study area, separate dining room and sunken lounge. 4 bedrooms with BIR'S and 2 bathrooms. Cathedral ceilings, ducted vacuum, split system air conditioner, solar power and carport with an attached brick workroom. North facing with extensive low maintenance native gardens and sweeping views over the two paddocks and large dam.

The second residence comprises of 3 bedrooms with BIR's, lounge/dining room with split system air conditioner, modern open plan kitchen/family area and bathroom with separate toilet. There is also a fenced pet friendly backyard, carport as well as a garage/shed. Ideal for extended family or rental income.

The third interesting aspect of this Nicholson lifestyle property is the uniquely designed multipurpose office/building complex with kitchenette and toilet facilities, that fronts the Princes Highway. It is currently being operated as a nursery by the owners (available for purchase by separate negotiation), however lends itself to other business opportunities (STCA).

This magnificent property has so much to offer in the heart of the East Gippsland Lakes Region and only 10kms east of Bairnsdale. If this rare opportunity sounds like the lifestyle for you contact us today to arrange an inspection!

Property History for 989 Princes Hwy, Nicholson, VIC 3882

A timeline of how this property has performed in the market
Listed for Rent
$330/w
13 Jul 2016
  • 08 Jul 2016
    Listed for Rent - Price not available
  • 25 Feb 2016
    Listed for Rent - Price not available
  • 23 Jul 2015
    Listed for Sale $949,500 NEG
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About Nicholson 3882

The size of Nicholson is approximately 70.0 square kilometres. The population of Nicholson in 2016 was 1095 people. By 2021 the population was 1322 showing a population growth of 20.7% in the area during that time. The predominant age group in Nicholson is 60-69 years. Households in Nicholson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nicholson work in a trades occupation.In 2021, 89.50% of the homes in Nicholson were owner-occupied compared with 85.90% in 2016.

Nicholson has 891 properties. Over the last 5 years, Houses in Nicholson have seen a 4.14% increase in median value. As at 28 February 2026:

  • The median value for Houses in Nicholson is $656,556 while the median value for Units is $374,383.
There are currently 46 properties listed for sale, and 1 property listed for rent in Nicholson on OnTheHouse. According to Cotality's data, 41 properties were sold in the past 12 months in Nicholson.

Suburb Insights for Nicholson 3882

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.